SOUTHERN BANC CO INC
10KSB, EX-21, 2000-09-28
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                   EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT

PARENT

The Southern Banc Company, Inc.


                                          State or Other              Percentage
SUBSIDIARIES (1)                  JURISDICTION OF INCORPORATION       OWNERSHIP

The Southern Bank Company                 United States                 100%

First Service Corporation                   Alabama                     100%

--------------------------------
(1)      The assets, liabilities and operations of the subsidiaries are included
         in the consolidated financial statements attached hereto as an exhibit.


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